News in international markets


Södra Wood Announces Temporary Production Adjustment in December

Södra Wood will be making a temporary adjustment of production to achieve a balance between production and customer needs. In December, sawn timber production will be reduced by 60,000 m³. In a statement prepared to accompany the production adjustment, Peter Jhaveri, President of the Södra Wood said, “Production will be adjusted to achieve a balance between production and customer needs.”

Chinese City of Manzhouli Temporarily Halts Rail Imports After a Sudden Spike in COVID-19 Cases

Starting on Wednesday (12-1-21), authorities said its railway port will “suspend the import of non-containerized goods including timber, coal, mineral powder, chemical fertilizers, and other products that require manual loading and unloading.” The aim is to “strengthen prevention and control” of the outbreak at ports and “effectively block the spread of overseas epidemics through imported goods.”

Segezha Group Signs Contract with AS Hekotek to Supply Pellet Equipment for Lesosibirsk Sawmills and Woodworking Plant (LDK No.1)

Segezha Group’s Lesosibirsk Sawmills and Woodworking Plant (LDK No.1) has signed a contract with AS Hekotek to supply equipment for its pellet production facility. The investment is valued at approximately 10.1 million Euros, and the production capacity is projected at 100 thousand tons per year. The facility is scheduled to be online in Q2 of 2023.

Segezha Group Announces Plans to Build Second Glued Laminated Timber Plant in Karelia, Russia

The Segezha Group has announced it plans to build a glued laminated timber plant in Segeza, Republic of Karelia, Russia. The new plant will be located next to the Group’s primary asset in the Republic of Karelia, Segezha Pulp and Paper Mill JSC. The new facility will join the Sokol Woodworking Plant JSC, which is currently the only Segezha Group facility manufacturing glued laminated timber.

Hancock Natural Resources Group Renamed Manulife Investment Management Timberland and Agriculture Inc.

Manulife Investment Management, a diverse private markets business, which includes timberland and agriculture, has announced that Hancock Natural Resource Group Inc has changed its name to Manulife Investment Management Timberland and Agriculture Inc effective today (11-15-21). The change completes the transition of all Manulife Investment Management private markets’ capabilities.

Minster of Forestry Urges Builders to “Think Timber” in the Construction of Ireland’s Homes

The Republic of Ireland’s Senator Pippa Hackett, the Minister of State with responsibility for Forestry, wants to see timber playing a ‘big part’ in the future of construction of Ireland’s homes. The senator made the comments as she launched a series of statements by the National Council for Forest Research and Development (COFORD).